Bitcoin Set to Surpass 2025 Peak Soon, Says Miller Value Partners Executive

Bill Miller IV, chief investment officer at Miller Value Partners, believes that Bitcoin is on track to exceed its fall 2025 peak. He points out that the market is developing a stronger foundation due to more favorable policies and corporate attitudes towards digital assets.

Key Takeaways

Bill Miller IV expects Bitcoin to surpass its all-time high by the end of 2025.
He considers the recent struggles of Bitcoin as minor compared to its long-term volatility.
Miller emphasizes that major economic trends, not isolated events like Venezuela, will influence Bitcoin’s price.
He sees a shift in regulatory attitudes and increased adoption of blockchain technology by mainstream finance as positive signs for investors.

Miller

Bitcoin’s 2025 Decline is Minor Compared to Long-Term Trends

Miller highlights a changing regulatory landscape over the last year, alongside a greater acceptance of blockchain technology within traditional finance. He believes these factors are altering the investment strategies for those looking to capitalize on Bitcoin’s next movement.

Regarding price dynamics, Miller thinks the setup is becoming favorable again. “It seems like it’s about to take off,” he stated, expressing his expectation that Bitcoin will reach new highs beyond its previous all-time peak.

He dismissed the 6% decrease Bitcoin experienced in 2025, labeling it as insignificant when viewed against the backdrop of its historical volatility. “For an asset with such a long history of price fluctuations, that dip is not a major concern,” he asserted, encouraging investors to adopt a long-term viewpoint on Bitcoin and gold alike.

Miller Finds Strength in Strategy After Recent Market Pullbacks

Miller detailed his preferred approach for engaging with public markets, using the company Strategy, which employs leverage and capital markets to substantially increase Bitcoin holdings. He noted that the recent underperformance of Strategy has made it a more attractive option from a valuation perspective.

According to Miller, Strategy is now trading near its net asset value, and he doesn’t foresee significant downside from its current level. He believes that the company’s structure offers leveraged exposure to Bitcoin, positioning it well to outperform if the crypto markets shift to a more risk-tolerant environment.